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FMBN Plans 3000 Rent-to-Own Housing Units

THE Federal Mortgage Bank of Nigeria (FMBN) will soon kick start the construction of 3000 housing units under its rent-to-own pilot scheme at its existing estates nationwide.

The Managing Director/Chief Executive Officer of the FMBN, Arc. Musa Dangiwa, disclosed this in Abuja when he received the management of the Federal Roads Maintenance Agency (FERMA) led by its Managing Director, Engr. Nurudeen Rafindadi, who were at its headquarters on a courtesy call.

Dangiwa lamented that the agency has discovered that houses built by developers were too expensive and therefore has created cooperatives to facilitate home ownership across the country.

He said the agency is ready to work with the FERMA authorities in resolving the housing needs of its staff who are contributors to the National Housing Fund (NHF).

He urged the staff of FERMA to key into FMBN’s products to own homes, “since every Nigerian deserves good shelter.”

He said that its strategic partnership with FERMA would be geared towards creating affordable mortgage finance for its staff and pledged to assist the workers in realising their dream of owning befitting houses.

The FMBN boss said that the bank decided to automate its processes and give NHF contributors unfettered access to information about their contributions and policies associated with the scheme for greater transparency, accountability and service delivery.

Dangiwa further said that the bank has adopted innovative technologies that would bring its services to the doorstep of contributors through the unveiling of *219# USSD short code, mobile apps for android and iOS platforms, online self-service kiosk, Short Message Service (SMS) and email notifications.

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He appealed to workers in the organised private sector and self-employed individuals who are yet to join the scheme to urgently register and commence contribution of 2.5 per cent of their monthly income.

Earlier, the Managing Director of FERMA, Engr. Nurudeen Rafindadi, said that the visit was meant to build synergy between the two agencies and also to brainstorm on how the FMBN can assist FERMA staff to own houses in an affordable manner.

The FERMA boss commended the management of FMBN for the giant strides the bank has recorded, especially the introduction of innovative technologies to boost their services.

Source: thenationonlineng

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